The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2022-06-28), Virtus Dividend, Interest & Premium Strategy Fund's share price is $11.865. Virtus Dividend, Interest & Premium Strategy Fund's Book Value per Share for the quarter that ended in Jan. 2022 was $16.33. Hence, Virtus Dividend, Interest & Premium Strategy Fund's PB Ratio of today is 0.73.
The historical rank and industry rank for Virtus Dividend, Interest & Premium Strategy Fund's PB Ratio or its related term are showing as below:
NFJ'
s PB Ratio Range Over the Past 10 Years
Min: 0.58 Med: 0.84 Max: 1.06
Current: 0.74
During the past 5 years, Virtus Dividend, Interest & Premium Strategy Fund's highest PB Ratio was 1.06. The lowest was 0.58. And the median was 0.84.
NFJ's PB Ratio is ranked better than 70.02% of 1681
companies
in the Asset Management industry
Industry Median: 0.83
vs NFJ: 0.74
During the past 12 months, Virtus Dividend, Interest & Premium Strategy Fund's average Book Value Per Share Growth Rate was 7.40% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 6.50% per year.
During the past 5 years, the highest 3-Year average Book Value Per Share Growth Rate of Virtus Dividend, Interest & Premium Strategy Fund was 6.50% per year. The lowest was -0.30% per year. And the median was 3.10% per year.
Back to Basics: PB Ratio
Virtus Dividend, Interest & Premium Strategy Fund PB Ratio Historical Data
The historical data trend for Virtus Dividend, Interest & Premium Strategy Fund's PB Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Virtus Dividend, Interest & Premium Strategy Fund Annual Data
Trend
Jan18
Jan19
Jan20
Jan21
Jan22
PB Ratio
0.88
0.88
0.91
0.87
0.90
Virtus Dividend, Interest & Premium Strategy Fund Semi-Annual Data
Jul17
Jan18
Jul18
Jan19
Jul19
Jan20
Jul20
Jan21
Jul21
Jan22
PB Ratio
0.91
0.88
0.87
0.90
0.90
Competitive Comparison
For the Asset Management subindustry, Virtus Dividend, Interest & Premium Strategy Fund's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Virtus Dividend, Interest & Premium Strategy Fund PB Ratio Distribution
For the Asset Management industry and Financial Services sector, Virtus Dividend, Interest & Premium Strategy Fund's PB Ratio distribution charts can be found below:
* The bar in red indicates where Virtus Dividend, Interest & Premium Strategy Fund's PB Ratio falls into.
Virtus Dividend, Interest & Premium Strategy Fund PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Virtus Dividend, Interest & Premium Strategy Fund's PB Ratio for today is calculated as follows:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Virtus Dividend, Interest & Premium Strategy Fund (NYSE:NFJ) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Virtus Dividend, Interest & Premium Strategy Fund PB Ratio Related Terms
Thank you for viewing the detailed overview of Virtus Dividend, Interest & Premium Strategy Fund's PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Virtus Dividend, Interest & Premium Strategy Fund Business Description
Virtus Dividend, Interest & Premium Strategy Fund is a Massachusetts-based business trust. Its primary investment objective is to seek current income and gains, with a secondary objective of long-term capital appreciation. The fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities.
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